Optimizing power, heating, and cooling capacity on a decision-guided energy investment framework

Chun-kit Ngan, Alexander Brodsky, Nathan Egge, Erik Backus

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

We propose a Decision-Guided Energy Investment (DGEI) Framework to optimize power, heating, and cooling capacity. The DGEI framework is designed to support energy managers to (1) use the analytical and graphical methodology to determine the best investment option that satisfies the designed evaluation parameters, such as return on investment (ROI) and greenhouse gas (GHG) emissions; (2) develop a DGEI optimization model to solve energy investment problems that the operating expenses are minimal in each considered investment option; (3) implement the DGEI optimization model using the IBM Optimization Programming Language (OPL) with historical and projected energy demand data, i.e., electricity, heating, and cooling, to solve energy investment optimization problems; and (4) conduct an experimental case study for a university campus microgrid and utilize the DGEI optimization model and its OPL implementations, as well as the analytical and graphical methodology to make an investment decision and to measure tradeoffs among cost savings, investment costs, maintenance expenditures, replacement charges, operating expenses, GHG emissions, and ROI for all the considered options.

Original languageEnglish (US)
Title of host publicationEnterprise Information Systems - 15th International Conference, ICEIS 2013, Revised Selected Papers
EditorsJosé Cordeiro, Joaquim Filipe, José Cordeiro, Joaquim Filipe, Leszek A. Maciaszek, Slimane Hammoudi, Leszek A. Maciaszek
PublisherSpringer Verlag
Pages154-173
Number of pages20
ISBN (Electronic)9783319094915
DOIs
StatePublished - Jan 1 2014
Event15th International Conference on Enterprise Information Systems, ICEIS 2013 - Angers, France
Duration: Jul 4 2013Jul 7 2013

Publication series

NameLecture Notes in Business Information Processing
Volume190
ISSN (Print)1865-1348

Other

Other15th International Conference on Enterprise Information Systems, ICEIS 2013
CountryFrance
CityAngers
Period7/4/137/7/13

All Science Journal Classification (ASJC) codes

  • Management Information Systems
  • Control and Systems Engineering
  • Business and International Management
  • Information Systems
  • Modeling and Simulation
  • Information Systems and Management

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  • Cite this

    Ngan, C., Brodsky, A., Egge, N., & Backus, E. (2014). Optimizing power, heating, and cooling capacity on a decision-guided energy investment framework. In J. Cordeiro, J. Filipe, J. Cordeiro, J. Filipe, L. A. Maciaszek, S. Hammoudi, & L. A. Maciaszek (Eds.), Enterprise Information Systems - 15th International Conference, ICEIS 2013, Revised Selected Papers (pp. 154-173). (Lecture Notes in Business Information Processing; Vol. 190). Springer Verlag. https://doi.org/10.1007/978-3-319-09492-2_10